Citizens Bank - Plains, GA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 19, 1917
Location: Plains, Georgia (32.034, -84.393)

Metadata

Model: gpt-5-mini
Short Digest: ebd50788

Response Measures

None

Description

Article describes a court order (July 19, 1917) authorizing sale of Citizens' Bank property and a trustee's sale Oct 10, 1917 to pay debts and distribute among stockholders. No run or depositor panic is mentioned. This appears to be a bank suspension leading to permanent closure/liquidation. I classify the cause as voluntary liquidation (board consent and sale for distribution to stockholders).

Events (2)

1. July 19, 1917 Suspension

Cause: Voluntary Liquidation
Cause Details: Order of Superior Court (July 19, 1917) approving sale to pay debts and distribute among stockholders; board consented.
Newspaper Excerpt: said property sold as the property of the Citizens' Bank by and with the consent and approval of the board of directors of said bank, and under the terms of an order granted by the Judge of the Superior court of said county, on July 19th, 1917
Source: newspapers

2. October 10, 1917 Other

Newspaper Excerpt: This October 10th, 1917. R. S. OLIVER, Trustee of The Citizens' Bank of Plains. Under and by virtue of an order ... will be sold ... the following described property ... sold for the purpose of paying the debts of said bank and for distribution among the stockholders.
Source: newspapers

Newspaper Articles (1)

1. October 16, 1917 Americus Times-Recorder Americus, GA

Article from Americus Times-Recorder, October 16, 1917

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Article Text

Trustee's Sale. GEORGIA, Sumter County. Under and by virtue of an order of the Judge of the Superior Court of said county, will be sold before the courthouse door in the city of Americus, said state and county, between the legal hours of sale, to the highest and best bidder for cash, the following described property, to-wit: One house and lot in the town of Plains, Ga., situated on the east side of Wise street, fronting on said street twenty (20) feet and running back east from said street one hundred (100) feet, and bounded on the east and south by property of Dr. Colquit Logan, on the west by Wise street, and on the north by a ten foot alley, being that property conveyed to the Citizens' Bank of Plains by J. E. Chappell, on August tenth, nineteen hundred and twelve, by deed recorded in Deed Book LL, page 379 of the deed records of Sumter county, Ga. Also all of the bank fixtures and furniture now in said building, consisting of tables, desks, chair, etc. Also fifty acres of land in the northwest corner of lot of land number eighty four (84), in the Twenty-Sixh (26) district of Sumter county, said tract being of the following dimensions: Beginning at the northwest corner of said lot and running east along the north lot line, five hundred and twenty-eight (528) yards, from thence south four hundred and fiftyeight and one-third (458 1-3) yards, thence west to the west line of said lot, five hundred and twenty-eight (528) yards, thence north along the lot line four hundred and fifty-eight and one-third (458 1-3) yards, being that property conveyed to the Citizens' Bank by Mrs. M. L. Jones, on March 6th, 1917, by deed recorded in Deed Book QQ, page 525 of the deed records of said county. Said property sold as the property of the Citizens' Bank by and with the consent and approval of the board of directors of said bank, and under the terms of an order granted by the Judge of the Superior court of said county, on July 19th, 1917, as appears from the minutes of said court, and sold for the purpose of paying the debts of said bank and for distribution among the stockholders. This October 10th, 1917. R. S. OLIVER, Trustee of The Citizens' Bank of Plains.